Latest Mergers & Acquisitions Headlines
All the headlines from our Mergers & Acquisitions Topic Page, ordered by recency.
Arthur J. Gallagher Acquires South Dakota’s Williams Insurance Agency
Feb 7 2018 // Arthur J. Gallagher & Co. has acquired Sioux Falls, South Dakota-based Williams Insurance Agency Inc. Terms of the transaction were not disclosed. Founded in 1967, Williams Insurance Agency offers a full range of...
Munich Re to Offer Drone Services to Clients Through Partnership with Betterview
Feb 6 2018 // Betterview, a drone-based inspection company specializing in risk and damage assessments, has formed an agreement with Munich Reinsurance America, Inc. (Munich Re) to offer drone imagery, analysis and reporting to Munich...
Hub Acquires Assets of Der Manouel in California
Feb 6 2018 // Hub International Ltd. has acquired the assets of Fresno, Calif.-based Der Manouel Insurance & Financial Services Inc. Terms of the deal were not disclosed. DMIG’s leadership team and staff will join Hub...
Technology Partnerships Key to Insurance Industry’s Exit from `Stone Age:’ Aviva CEO
Feb 6 2018 // The insurance industry is “generally in the stone age,” and partnerships with technology companies are the way forward, according to Aviva Plc’s chief executive officer. His company, the U.K.’s...
Worley Claims Services Acquires Audit Services Incorporated of Georgia
Feb 6 2018 // Worley Claims Services, LLC, a provider of claims services in North America, has acquired Audit Services Incorporated (ASI), a claim estimate writing and review supplier for the property and auto insurance markets based in...
Hub International Acquires Texas-Based IPS Advisors
Feb 5 2018 // Chicago-based global insurance brokerage Hub International Limited (Hub) has acquired the assets of IPS Advisors LLP and IPS RIA LLC (IPS Advisors). IPS is headquartered in Dallas, Texas, with offices in Houston, Austin,...
Japan’s Peer-to-Peer Vouch Insurtech Raises Seed Funding
Feb 5 2018 // Taiwan venture capital firm Nogle Capital Management, Singapore venture capital firm GREE Ventures and several angel investors have participated in the seed funding round of SGD$1 million for Singapore startup Vouch...
Indiana’s ONI Risk Partners Adds Loveless as Commercial Risk Adviser
Feb 5 2018 // Independent insurance broker ONI Risk Partners (ONI) has hired Mike Loveless as a commercial risk adviser in ONI’s Fort Wayne, Indiana, office. ONI is a full-service insurance agency delivering commercial, employee...
Insurance Agency M&As Soared 31% in 2017: OPTIS
Feb 5 2018 // Mergers and acquisitions of insurance agencies last year broke all records in 2017, according to OPTIS Partners’ annual report. The OPTIS database recorded 604 deals in the United States and Canada in 2017, a 31...
Still Hot… M&As to Date in 2018
Feb 5 2018 // M&A activity in the insurance industry was hot in 2017, and thus far in 2018, it shows no signs of cooling, with 30 deals announced in the month of January alone. The following are reports from the InsuranceJournal.com...
Hub International Acquires Indiana’s Susoreny & Associates
Feb 2 2018 // Global insurance brokerage Hub International Limited (Hub) has acquired the assets of Susoreny & Associates Inc. Terms of the acquisition were not disclosed. Headquartered in Crown Point, Indiana, Susoreny &...
Ryan Specialty Group Completes Acquisition of New York’s Irwin Siegel Agency
Feb 2 2018 // Ryan Specialty Group LLC, a Chicago, Ill.-headquartered international specialty insurance organization, has completed its acquisition of the assets and operations of the Irwin Siegel Agency Inc. (ISA). This transaction was...
Allianz to Acquire Sri Lanka’s Janashakthi General Insurance for €85.9M
Feb 2 2018 // Allianz announced it has entered into an agreement with Janashakthi Insurance PLC (JINS) to acquire 100 of its subsidiary Janashakthi General Insurance Ltd. (JGIL) for LKR 16.4 billion (€85.9 million, or approximately...
Run-Off Specialist Armour Group Acquires Gibraltar’s Elite Insurance
Feb 2 2018 // Run-off specialist Armour Group Ltd. has led a group of investors to acquire Gibraltar-based Elite Insurance Co. Ltd. (EIC) and its affiliate Elite Business Development Ltd. (EBD). The financial details of the transaction...
XPT Group Partners with Transportation MGA W.E. Love of North Carolina
Feb 1 2018 // XPT Group has partnered with W.E. Love & Associates (WEL), a 36-year old MGA with expertise in trucking risks. Led by John H. Love and based in Burlington, N.C., WEL offers select retail agencies direct access to...
Allianz Acquires Liberty International’s U.S. Product Recall Business Renewals
Jan 31 2018 // Allianz Global Corporate & Specialty (AGCS) is acquiring the renewal portfolio of Liberty Mutual Insurance’s U.S. product recall and special contingency business. The effective date is Jan.30, 2018. The business...
Business Risk Partners Expands Into Financial Services Sector
Jan 30 2018 // Business Risk Partners (BRP) has expanded into the financial services sector with the addition of two specialty insurance coverages: miscellaneous professional liability insurance for a broad range of lenders, advisors and...
Seeman Holtz Acquires Arizona-based Xponent Employer Solutions
Jan 29 2018 // Seeman Holtz Property & Casualty Inc. has acquired Xponent Employer Solutions in Scottsdale, Ariz. Terms of the deal were not disclosed. Xponent helps clients reduce the costs associated with payroll, employee...
Eastern Insurance Acquires Massachusetts’ Southeastern Insurance Agency
Jan 29 2018 // Eastern Insurance Group LLC, a Natick, Mass.-headquartered, wholly-owned subsidiary of Eastern Bank, has acquired the assets of the Southeastern Insurance Agency Inc., a full-service insurance agency with locations in...
Arthur J. Gallagher Acquires Illinois’ Market Financial Group, Austin Consulting
Jan 29 2018 // Arthur J. Gallagher & Co. has acquired Crystal Lake, Illinois-based Market Financial Group Ltd. and its affiliate, Austin Consulting Group Inc. Terms of the transaction were not disclosed. Market Financial Group is a...
